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Billionaire property tycoon Sam Arnaout has added the 195-year-old Wisemans Ferry Inn Hotel on the banks of the Hawkesbury River north-west of Sydney to his fast expanding hospitality empire.
After buying the Rose & Crown Hotel in Parramatta for $42 million in March, Warren Livingstone has snapped up the Australian Hotel for $12 million.
Private development and hospitality group, Iris Capital has appointed Descon Group Australia as head contractor to deliver its $800 million mixed-use Victoria & Al
While about $1b of projects have been shelved so far, Tim Gurner and Sam Arnaout have appointed builders to Gold Coast projects worth almost $2 billion
The Surfers Paradise tower is aimed at the wealthy end of the Gold Coast market – the smallest apartment is a three-bedder that takes up half a floor.